Subsequent Events	12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 28 — Subsequent Events On January 27, 2020, we entered into a Joinder and Second Amendment Agreement (the Amendment) which amends the Amended and Restated SSTL Facility Agreement dated as of December 5, 2016, as amended by a Joinder and Amendment Agreement dated as of March 18, 2019. The Amendment provides for a net prepayment of $126.1 million of the outstanding loan amounts as of December 31, 2019 such that the facility has a maximum size and total initial outstanding amount of $200.0 million. The Amendment also (i) extends the maturity of the remaining outstanding loans under the SSTL to May 15, 2022, (ii) provides that the loans under the SSTL will bear interest at the one, two, three or six month Eurodollar Rate or the Base Rate (as defined in the SSTL), at our option, plus a margin of 6.00% per annum for Eurodollar Rate loans or 5.00% per annum for Base Rate loans (increasing to a margin of 6.50% per annum for Eurodollar Rate loans or 5.50% per annum for Base Rate loans on January 27, 2021) and (iii) provides for a prepayment premium of 2.00% until January 27, 2022. The loans under the amended SSTL are subject to quarterly principal payments of $5.0 million. On February 3, 2020, Ocwen’s Board of Directors authorized a share repurchase program for an aggregate amount of up to $5.0 million of Ocwen’s issued and outstanding shares of common stock. Repurchases may be made in open market transactions at prevailing market prices. The timing and execution of any related share repurchases is subject to market conditions, among other factors. Unless we amend the share repurchase program or repurchase the full $5.0 million amount by an earlier date, the share repurchase program will continue through February 3, 2021. No assurances can be given as to the amount of shares, if any, that we may repurchase in any given period. On February 20, 2020, we received a notice of termination from NRZ with respect to the PMC subservicing agreement discussed in Note 10 — Rights to MSRs. The notice states that the effective date of termination is June 19, 2020 with respect to 25% of the Initial Mortgage Loans under the agreement and August 18, 2020 for the remainder of the loans under the agreement. The portfolio subject to termination accounted for $42.1 billion in UPB, or 20% of our total servicing portfolio UPB at December 31, 2019, and $28.8 million servicing fees, or 4% of our total servicing and subservicing fees in 2019 (excluding ancillary income). The loans that were added by NRZ under the PMC subservicing agreement in 2019 and amounted to approximately $6.6 billion in UPB are subject to the termination with the stated effective date of August 18, 2020. At December 31, 2019, we reported a $312.1 million MSR asset at fair value for the servicing agreement subject to termination, or 3% of our total assets, and a corresponding $312.1 million pledged MSR liability at fair value. In connection with the termination, we estimate that we will receive loan deboarding fees of approximately $6.1 million from NRZ. This termination is for convenience and not for cause. We intend to work with NRZ to transfer the servicing of the loans in an orderly manner. NRZ has not provided notice of termination with respect to its other servicing agreements.

Note 28 — Subsequent Events

On January 27, 2020, we entered into a Joinder and Second Amendment Agreement (the Amendment) which amends the Amended and Restated SSTL Facility Agreement dated as of December 5, 2016, as amended by a Joinder and Amendment Agreement dated as of March 18, 2019. The Amendment provides for a net prepayment of $126.1 million of the outstanding loan amounts as of December 31, 2019 such that the facility has a maximum size and total initial outstanding amount of $200.0 million. The Amendment also (i) extends the maturity of the remaining outstanding loans under the SSTL to May 15, 2022, (ii) provides that the loans under the SSTL will bear interest at the one, two, three or six month Eurodollar Rate or the Base Rate (as defined in the SSTL), at our option, plus a margin of 6.00% per annum for Eurodollar Rate loans or 5.00% per annum for Base Rate loans (increasing to a margin of 6.50% per annum for Eurodollar Rate loans or 5.50% per annum for Base Rate loans on January 27, 2021) and (iii) provides for a prepayment premium of 2.00% until January 27, 2022. The loans under the amended SSTL are subject to quarterly principal payments of $5.0 million.

On February 3, 2020, Ocwen’s Board of Directors authorized a share repurchase program for an aggregate amount of up to $5.0 million of Ocwen’s issued and outstanding shares of common stock. Repurchases may be made in open market transactions at prevailing market prices. The timing and execution of any related share repurchases is subject to market conditions, among other factors. Unless we amend the share repurchase program or repurchase the full $5.0 million amount by an earlier date, the share repurchase program will continue through February 3, 2021. No assurances can be given as to the amount of shares, if any, that we may repurchase in any given period.

On February 20, 2020, we received a notice of termination from NRZ with respect to the PMC subservicing agreement discussed in Note 10 — Rights to MSRs. The notice states that the effective date of termination is June 19, 2020 with respect to 25% of the Initial Mortgage Loans under the agreement and August 18, 2020 for the remainder of the loans under the agreement. The portfolio subject to termination accounted for $42.1 billion in UPB, or 20% of our total servicing portfolio UPB at December 31, 2019, and $28.8 million servicing fees, or 4% of our total servicing and subservicing fees in 2019 (excluding ancillary income). The loans that were added by NRZ under the PMC subservicing agreement in 2019 and amounted to approximately $6.6 billion in UPB are subject to the termination with the stated effective date of August 18, 2020. At December 31, 2019, we reported a $312.1 million MSR asset at fair value for the servicing agreement subject to termination, or 3% of our total assets, and a corresponding $312.1 million pledged MSR liability at fair value. In connection with the termination, we estimate that we will receive loan deboarding fees of approximately $6.1 million from NRZ. This termination is for convenience and not for cause. We intend to work with NRZ to transfer the servicing of the loans in an orderly manner. NRZ has not provided notice of termination with respect to its other servicing agreements.